The Indian stock market fell deeper into the red, with Sensex and Nifty extending sharp losses as soaring oil prices along with other factors that spooked investors.
Sensex dropped around 630 points to trade near 72,600, down more than 1,100 pts day's high, while Nifty 50 plunged around 260 points to drop below 22,450 on Friday morning. The sharp drop wiped off nearly Rs 10 lakh crore from the total market capitalisation of all companies listed on BSE, pulling it down below Rs 4.49 lakh crore.
